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Report No. : |
315381 |
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Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
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Name : |
KSC QRUP MMC |
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Registered Office : |
Kaverockin Street 21, Flat 41, Nasimi
District , Baku AZ1007 |
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Country : |
Azerbaijan
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Date of Incorporation : |
23.04.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers and distributors of
cereal grain. |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
NEW MANAT 80,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Azerbaijan |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
AZERBAIJAN - ECONOMIC OVERVIEW
Azerbaijan's high economic
growth has been attributable to large and growing oil and gas exports, but some
non-export sectors also featured double-digit growth, including construction,
banking, and real estate. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline,
the Baku-Novorossiysk, and the Baku-Supsa pipelines remain the main economic
driver, but efforts to boost Azerbaijan's gas production are underway. The
eventual completion of the geopolitically important Southern Gas Corridor
between Azerbaijan and Europe will open up another, albeit, smaller source of
revenue from gas exports. Azerbaijan has made only limited progress on
instituting market-based economic reforms. Pervasive public and private sector
corruption and structural economic inefficiencies remain a drag on long-term
growth, particularly in non-energy sectors. Several other obstacles impede Azerbaijan's
economic progress, including the need for stepped up foreign investment in the
non-energy sector and the continuing conflict with Armenia over the
Nagorno-Karabakh region. Trade with Russia and the other former Soviet
republics is declining in importance, while trade is building with Turkey and
the nations of Europe. Long-term prospects depend on world oil prices,
Azerbaijan's ability to negotiate export routes for its growing gas production,
and its ability to use its energy wealth to promote growth and spur employment
in non-energy sectors of the economy.
|
Source
: CIA |
CO. NAME: KSC QRUP MMC
Street : Bulbul Street 44
Town : Baku
Country : Azerbaijan
Telephone : (994 12) 505 8472 / Mobile (994 55) 203
7723 (Emin Rakhimov)
Fax : (994 12) 505 8472
E-Mail :
office@ksc-euroasia.com
Extended Name
: KSC Qrup Mehdud
Mesuliyyetli Camiyyeti
English Translation : KSC Qrup LLC
Name Position
1. Fuad
Rafiq Oglu Khasanzada Managing Director
2. Emin Rakhimov Financial
Manager
Total Employees : 6
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for MEDIUM amounts, however in view of the lack
of financial information we recommend international suppliers exercise a degree
of caution.
Opinion on maximum
credit : NEW MANAT 80,000
(higher amounts may be considered with full fiscal disclosure)
Trade risk assessment:
Normal
It is normal accepted
practice for international suppliers to deal on secured terms with Azerbaijani
importers.
NAME : AZERIGAZBANK BAKU (AGBANK) OJSC
Branch : Landau Street 16
Town : Baku
Telephone: (994 12) 498
9615
Fax : (994 12) 498 9615
Private companies in Azerbaijan
are not required to publish or disclose balance sheets. Balance sheets are not
available from other sources, and the subject interviewed declined to give any
financial information, which the company regards as strictly confidential.
Date Started : 23 April
2004
History : The subject
company was established in Azerbaijan on 23 April 2004.
Tax No.: VOEN 1400012311
Authorised Capital : NEW
MANAT 10
Paid-Up Capital : NEW
MANAT 10
Mehdud Mesuliyyetli
Cemiyyeti (limited liability company)
with the following sole
shareholder:
Fuad Rafiq Oglu
Khasanzada 100%
The Company is involved
in the following activities :
Trading as importers and
distributors of cereal grain.
NACE Code: 4690
Imports from Kazakhstan,
Ukraine and Russia.
Re-exports to Turkey.
The Company has the
following facilities :
Rented office premises located at the heading address as well as storage
facilities located elsewhere in Baku.
Until 2013 subject was
located at:
Mustafa Subhi Street 221
Baku AZ1065
Kaverockin Street 21,
Flat 41
Nasimi District
Baku AZ1007
As of 1 January 2006 the Government of Azerbaijan redenominated
NEW MANAT. One NEW MANAT equals 5,000 old NEW MANATs.
The address provided by
you: 221 MUSTAFA SUBHT STREET 1065 BAKU
applies to subject's old administrative office
address. Please note that subject's administrative office address is as per
heading.
Interviewed: Emin
Rakhimov (Financial Manager).
=====================================================================
Every effort is made to
ensure that the information given herein is
accurate, but no legal
responsibility is accepted for any error or
omission in the text.
=====================================================================
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.15 |
|
|
1 |
Rs.92.74 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
NB |
New Business |
-- |
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This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.